• Russia will table a standalone stablecoin bill in the State Duma, separate from its broader crypto trading framework, with core regulations potentially in force as early as Jul. 1, 2026.
• The Central Bank of Russia already treats stablecoins as “foreign digital rights,” with the ruble‑pegged A7A5 approved for overseas trade settlements in Oct. 2025.
• Analysts say Moscow aims to use state‑aligned stablecoins to bypass Western sanctions and support cross‑border payments as pressure on its traditional banking channels grows.

…